Bellway Homes - one of the most prolific builders on Teesside - is again on course for great financial expectations.

Bellway Homes - one of the most prolific builders on Teesside - is again on course for great financial expectations.

The housebuilder, which in 2001 saw its annual fortunes smash through the £100m profit barrier for the first time, has issued a statement to say it is again "on target."

The construction group told shareholders at its annual meeting that trading continues to be strong and in line with expectations.

The North East based group said it anticipated another good set of results for the financial year to July 31, 2002.

Bellway said recently that demand for homes in the £400,000-plus market was on the up in key locations such as Wynyard.

The builder has reinforced its proven track record over decades for producing consistent and sustainable growth.

The group has a near £700m turnover, and the company said its North-east division is among the best in the country.

It has a diversity of homes on offer in this region at prices to suit most pockets.

The variety of homes is illustrated at Yarm Road Eaglescliffe, where there are two and three-bedroomed luxury apartments and at The Vale, Ingleby Barwick, with its four-bedroom detached homes.

And Wynyard Village boasts a unique development of three and four-bedroom homes and two-bedroom apartments with by the luxury of four, five and six-bedroom houses at nearby Wynyard Woods.

Bellway's progress comes at a time that the National House Building Council has announced that applications to build new homes increased by six per cent in December 2001 when compared with figures for December 2000.